UAE and Israel sign tax treaty to boost economic cooperation
an hour ago Officials attend the signing ceremony. Israel and the United Arab Emirates signed a tax treaty on Monday, Israel’s Finance Ministry said, describing the move as a spur to business development between the countries after they normalised relations last year.
The UAE finance ministry said in October that it had reached a preliminary agreement with Israel on avoiding double taxation.
The tax convention, once ratified by ministers and parliament this year, will be Israel’s 59th and go into effect on Jan.1, 2022. It is the first tax treaty reached in the wake of Israel’s normalising relations with the UAE and Bahrain last year. In parallel, Israel has moved to improve ties with Morocco and Sudan.
Israeli Foreign Minister Yisrael Katz during his visit to Abu Dhabi. Photo: Israeli Foreign Ministry.
Kan reported.
“We estimate that by the end of May all businesses will be back in business and no longer need state financial aid. If they need funds in June, we will provide them with assistance,” he stressed.
“In the coming days, we will update the incentive program to encourage the long-term unemployed to return to the labor market,” Katz added.
Health Minister Yuli Edelstein, meanwhile, said there was no dispute between his ministry’s Director-General Prof. Hezi Levi and himself over the arrival date of Moderna vaccines.
As Israel Leads In COVID-19 Vaccines Per Capita, Palestinians Still Await Shots
at 2:15 pm NPR
Israel has vaccinated a larger share of its population against COVID-19 than any other country, and is aiming to achieve herd immunity from the virus by the end of spring or midsummer, the Israeli Health Ministry told NPR.
More than 800,000 of Israel s population of about 9 million have received COVID-19 vaccination shots. The country aims to vaccinate 25% of Israelis by the end of January.
The vaccination drive began Dec. 19 with Prime Minister Benjamin Netanyahu receiving the first shot on live TV. Israel so far is using the vaccine made by Pfizer and BioNTech and is awaiting a shipment of Moderna s vaccine.
Edna Halup, a staff member at a private nursing home, receives a Pfizer COVID-19 vaccine, in Ganei Tikva, Israel, on Dec. 22.
Israel has vaccinated a larger share of its population against COVID-19 than any other country, and is aiming to achieve herd immunity from the virus by the end of spring or midsummer, the Israeli Health Ministry told NPR.
More than 800,000 of Israel s population of about 9 million have received COVID-19 vaccination shots. The country aims to vaccinate 25% of Israelis by the end of January.
The vaccination drive began Dec. 19 with Prime Minister Benjamin Netanyahu receiving the first shot on live TV. Israel so far is using the vaccine made by Pfizer and BioNTech and is awaiting a shipment of Moderna s vaccine.
Israel s COVID-19 cases surpass 360,000 arabherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabherald.com Daily Mail and Mail on Sunday newspapers.